Elbridge G. Spaulding

Hon. Elbridge Gerry Spaulding
Member of the U.S. House of Representatives
from New York's 32nd district
In office
March 4, 1849 – March 3, 1851
March 4, 1859 – March 3, 1863
Preceded by Nathan K. Hall
Israel T. Hatch
Succeeded by Solomon G. Haven
Walter L. Sessions
Mayor of Buffalo, New York
In office
1847–1848
Preceded by Solomon G. Haven
Succeeded by Orlando Allen
New York State Treasurer
In office
1854–1855
Preceded by Benjamin Welch, Jr.
Succeeded by Stephen Clark
Member of the New York State Assembly
from the Erie County, 1st district
In office
January 1, 1848 - December 31, 1848
Preceded by new district
Succeeded by Benoni Thompson
Personal details
Born (1809-02-24)February 24, 1809
Summer Hill, New York, US
Died May 5, 1897(1897-05-05) (aged 88)
Buffalo, New York, US
Political party Whig, Republican
Spouse(s) married thrice: Antoinette Rich, Nancy Selden Strong, Delia Strong
Profession Politician, Lawyer
[1]

Elbridge Gerry Spaulding (February 24, 1809 – May 5, 1897) was an American lawyer, banker, and politician.[2][3] He supported the idea for the first U.S. currency not backed by gold or silver, thus helping to keep the Union economy afloat during the Civil War.

Early life

He was born on February 24, 1809 in Summer Hill, New York, the first of nine children of Edward Spaulding and Mehitable Spaulding. In 1829, he began the study of law in the office of Fitch & Dibble at Batavia, New York. During this time he served as recording clerk in the county clerk's office to meet his expenses. In 1832, he completed his studies in Attica, New York with Harvey Putnam. Later that year he was admitted to the bar in Genesee County, New York. In 1834, he moved to Buffalo, and became a clerk in the office of "Potter & Babcock," leading attorneys in the city.

Political career

In March 1836, he was appointed City Clerk of Buffalo. In 1841, Spaulding was elected Alderman of the Third Ward, and served as Chairman of the Executive Committee. He became the Mayor of Buffalo in 1847 and was a member of the New York State Assembly (Erie Co., 1st D.) in 1848. While in the Assembly, he secured passage of a law authorizing the formation of gas light corporations in the State. The Buffalo Gas Light Company was the first such created, and he became a director and stockholder of it.

Spaulding was elected as a Whig to the 31st United States Congress, serving from 1849 to 1851.

He was New York State Treasurer from 1854 to 1855, and was elected again to the U.S. House of Representatives as a Republican, serving in the 36th and 37th United States Congresses from 1859 to 1863. It was said that Spaulding was the one who figured out that the American government needed to print money to pay for the Civil War. At the time, it was regarded as economic heresy, but today many believe that the country would not have survived without it.[2] Such an idea was then dismissed by some as “fiat money,” money that is money not because it is backed by gold or silver, but because some government says it is money. He was Chairman of a House Ways and Means Subcommittee when the government was in danger of running out of money to pay for the war. He wrote a law that allowed the government to print money and declare it had to be accepted as legal tender.[2]

In a biography of Cornelius Vanderbilt, titled “The First Tycoon”, T. J. Stiles wrote that Spaulding “performed a true miracle: he conjured money out of nothing, and so contributed more toward the Union victory (and the future of New York’s financial sector) than any single battlefield victory.” Stiles continued, “If Wall Street had saints, then the college of financial cardinals would surely canonize Elbridge G. Spaulding.”[4]

In 1862, he drafted the Legal Tender Act, and the National Currency Bank Bill. At the time, the only circulating paper money was notes issued by banks. Those notes were supposed to be convertible into gold, although the banks had been forced to suspend such conversions at the end of 1861. There was no central bank. The bill passed Congress not because it was thought to be good policy absent a crisis, but because it was necessary. “It was at once a loan to the government without interest and a national currency, which was so much needed for disbursement in small sums during the pressing exigencies of the war,” Spaulding wrote years later in his book, “History of the Legal Tender Paper Money.”[2]

Other

He was one of the original men that helped to get the University at Buffalo established in 1846. He was a member of the original council of the University, and remained a member until his death in 1897.

In 1864, he organized the move of the Farmers & Mechanics' National Bank from Attica, NY, to Buffalo.

Personal life

The Spaulding home in Buffalo, built in the 1830's by William Hollister

On September 5, 1837, he married Antoinette Rich (1818-1841), daughter of Gaius Basset Rich and Aphia Salisbury Rich. On September 5, 1842, he married Nancy Selden Strong (1824-1852) with whom he had three children. Nancy died in 1852, and on May 2, 1864, he married Delia Strong (1812-1895), Nancy's sister. Spaulding's marriage with Delia, which lasted over 40 years until her death in 1895, did not produce any children. His second and third wives were born in Windsor, Connecticut to Samuel Strong and Delia Selden Strong.[5]

Spaulding's children with Nancy:

"River Lawn" estate on Grand Island, New York
The Spaulding-Sidway home built on "River Lawn" in Grand Island

Residences

Around 1850, Spaulding bought the "Hollister Mansion" at 775 Main Street in Buffalo, the house in which Delia and E. G. Spaulding lived for their entire married lives. The property had earlier been part of the farm of Deacon Jabez Goodell, who in 1830 sold it to William Hollister and George Palmer jointly, each of whom planned to build their residences on the property. Hollister chose the western part, on Main Street, and Palmer the quieter and more rural eastern part, on Washington Street. Hollister built his house in 1835-1836 (on the southeast corner of Main and Goodell) and lived there until it was sold to Spaulding in 1850, who made extensive alterations. Spaulding's daughter, Charlotte, married Franklin Sidway in the house in 1866.[5]

Around 1870, Spaulding built a Victorian era Stick Style home as his summer retreat on Grand Island named "River Lawn." He owned a half mile of river front that encompassed 350 acres of broad woodlands and cultivated fields. There, Spaulding indulged his hobby of raising some of the finest cattle in the nation.[13] Lewis P. Allen, uncle of Grover Cleveland, was the first of the so-called society of the day to build a house on the island, and Spaulding was the second. After that, it became a fashionable mecca, and numerous other houses were built. In 1879, the socially prominent Falconwood Club, formed in 1858, built its clubhouse adjacent to the Spaulding property.[5]

The boathouse he constructed on his "River Lawn" estate, known as the Spaulding-Sidway Boathouse, was listed on the National Register of Historic Places in 1998.[14] Much later in 1935, the boathouse was floated up river to its present site by Franklin St. John Sidway (Spaulding's grandson).

Spaulding died on May 5, 1897 in Buffalo, New York and is buried at Forest Lawn Cemetery, Buffalo. In his will, Spaulding indicated that at his death, the house at 775 Main Street was to be demolished. Therefore, in 1897 the house was torn down. Later the "Spaulding Building," built in 1906 at 763 Main St. by Edward Rich Spaulding, and the "Sidway Building," built in 1907 at 775 -783 Main St. by Franklin Sidway and Charlotte Spaulding Sidway, were both built on the property.[5]

Legacy

Spaulding-Sidway Boathouse in 1903

Spaulding has an undergraduate dormitory, as well as academic and administrative offices, named for him at the University of Buffalo.[15]

During the 1930s, Spaulding's "River Lawn" estate later was donated to the New York State Office of Parks, Recreation and Historic Preservation, by his heirs, and became the basis for Beaver Island State Park.[16]

Published works

See also

References

  1. ↑ Rizzo, Michael (2005). Through The Mayors' Eyes. Lulu. p. 424. ISBN 978-1-4116-3757-3.
  2. 1 2 3 4 Mr. Spaulding and Greenback Resumption (1875, October 16). In The Commercial and Financial Chronicle (Vol. XXI, p. 358). New York, NY: William B. Dana.
  3. ↑ Hall, H. (Ed.) (1896). Elbridge Gerry Spaulding. In America's Successful Men of Affairs: An Encyclopedia of Contemporaneous Biography (Vol. II, p. 739). New York, NY: The New York Tribune / New York Printing Co. / Republic Press.
  4. ↑ T.J. Stiles (2009). The First Tycoon: The Epic Life of Cornelius Vanderbilt (pp. 348-51). New York, NY: Random House.
  5. 1 2 3 4 LaChiusa, Chuck. "Elbridge Gerry Spaulding 1809-1897 A research paper on his life and accomplishments". buffaloah.com. Retrieved 29 October 2015.
  6. 1 2 3 "Barbara K Knowles Wolverton". findagrave.com. Retrieved 31 October 2015.
  7. ↑ "Edward Rich Spaulding". findagrave.com. Retrieved 31 October 2015.
  8. ↑ Meyer, Phyllis. "Marion Gurney Goodyear". www.findagrave.com. Find A Grave Memorial. Retrieved 16 April 2016.
  9. ↑ Meyer, Phyllis. "Albert Ramsdell Gurney". www.findagrave.com. Find A Grave Memorial. Retrieved 16 April 2016.
  10. 1 2 Freeman, Patricia (January 23, 1989). "Playwright A.R. Gurney Jr.'s Cocktail Hour Leaves His Genteel Family Shaken, Not Stirred" (Vol. 31 No. 3). People. Retrieved 16 April 2016.
  11. 1 2 3 4 "Stephen Van R Spaulding". findagrave.com. Retrieved 31 October 2015.
  12. 1 2 3 4 "Allen Perkins Spaulding, Jr". findagrave.com. Retrieved 31 October 2015.
  13. ↑ LaChiusa, Chuck. "River Lawn". buffaloah.com. Retrieved 15 October 2015.
  14. ↑ Staff (2009-03-13). "National Register Information System". National Register of Historic Places. National Park Service.
  15. ↑ "Spaulding Quadrangle (SPLDNG)". buffalo.edu. Retrieved 15 October 2015.
  16. ↑ LaChiusa, Chuck. "E.G. Spaulding". buffaloah.com. Retrieved 15 October 2015.
  17. ↑ Spaulding, Elbridge Gerry (1869). History of the Legal Tender Paper Money Issued During the Great Rebellion: Being a Loan Without Interest and a National Currency. Buffalo, New York: Express Printing Company. Retrieved 15 October 2015.
  18. ↑ Spaulding, Elbridge Gerry (1875). Legal Tender Act. Buffalo, New York: Baker, Jones & Company, printers and binders. Retrieved 15 October 2015.
  19. ↑ Spaulding, Elbridge Gerry (1876). Centennial: One Hundred Years of Progress in the Business of Banking. Buffalo, New York: Press of Baker, Jones & Company. Retrieved 15 October 2015.

External links

"Elbridge G. Spaulding". Find a Grave. Retrieved 2009-04-11. 

New York Assembly
Preceded by
new district		 New York State Assembly
Erie County, 1st District
1848 		Succeeded by
Benoni Thompson
Political offices
Preceded by
Solomon G. Haven		 List of mayors of Buffalo, New York
1847 		Succeeded by
Orlando Allen
Preceded by
Benjamin Welch, Jr.		 New York State Treasurer
1854–1855 		Succeeded by
Stephen Clark
United States House of Representatives
Preceded by
Nathan K. Hall		 Member of the U.S. House of Representatives
from New York's 32nd congressional district
March 4, 1849 – March 3, 1851 (obsolete district) 		Succeeded by
Solomon G. Haven
Preceded by
Israel T. Hatch		 Member of the U.S. House of Representatives
from New York's 32nd congressional district
March 4, 1859 – March 3, 1863 (obsolete district) 		Succeeded by
(none)
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